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Share Name | Share Symbol | Market | Type |
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Willis Towers Watson Public Ltd Company | NASDAQ:WTW | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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5.49 | 1.98% | 283.09 | 278.76 | 342.21 | 283.49 | 278.50 | 280.57 | 713,854 | 00:04:16 |
The 6th annual political risk survey produced by WTW, found that a 92% of all responding companies experienced a political risk loss in 2022, up from 35% in 2020. Other findings include:
The ongoing conflict in Ukraine and resultant humanitarian consequences have had a business impact that one European respondent described as “devastating”. A US technology-company respondent said: “We have decided to end all our operations in Russia and Belarus. We suffered a loss of almost $1 billion.”
Top Risks 2023, respondent mentions | |
Ukraine | 13 |
Decoupling from China | 12 |
European crisis/European rules | 10 |
Economic nationalism | 7 |
Serious ESG | 6 |
US uncertainty | 6 |
Rich-world social instability | 5 |
Contested geopolitical alignments | 4 |
Taiwan | 4 |
Bigger government | 4 |
Whatever the financial impact, the shock of war on the European continent had triggered a “paradigm shift,” one respondent said. According to an executive in the automotive sector: “Business and politics have lived in two different realities. The events of the past year have now aligned realities.”
Looking to the year ahead, Ukraine heads the list of interview panel members’ top risks for 2023, followed closely by decoupling from China and crisis and new regulations in the EU.
“Panelists were worried about the escalation of the conflict in Ukraine, but more worried about complications like sanctions and inflation,” said Sam Wilkin, Director of Political Risk Analytics at WTW. “They’re worried that they could be arrested for facilitating avoidance of sanctions, for example, or that they could be pressured to renegotiate energy contracts next autumn. At the same time, they have more profound concerns about how globalized business models can be made to work in a politically divided world.” For instance, many panelists struggled to imagine how the US-China economic relationship could be unwound without overwhelming damage to the world economy. Many companies are becoming nervous about continuing business there but are unsure about how to disconnect from such a major market. “Every day is China strategy day,” one European automotive sector panelist said.
The survey and interviews, conducted in January and February 2023 by Oxford Analytica, are based on responses received from 50 companies around the world, of which 50% have revenues in excess of $1 billion. The complete report can be downloaded here.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Learn more at wtwco.com.
Media contact
Sarah Booker: +44 7917 722040Sarah.Booker@wtwco.com
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